Log in
Hanoi

Nhon - Hanoi Station metro line to be operational this year

The project overruns 6% to VND34.8 trillion (US$1.48 billion).

The elevated section of the Nhon – Hanoi station metro line is scheduled to be put into service in 2023, and the entire project, including the underground section, will be operational by 2027.

 The Nhon - Hanoi station metro line. Photo: Tuan Anh/The Hanoi Times

The timeframe was mentioned in a proposal by the Hanoi People's Committee to the Prime Minister to adjust the investment policy of the Hanoi Pilot Metro Project, Nhon - Hanoi Station section, which the municipal authorities requested to extend the project implementation period from 2009-2022 to 2009-2027, excluding the 24-month warranty period.

The city's authorities also asked to increase the total investment capital of the project by VND1.91 trillion (US$81.4 million) to VND34.8 trillion (US$1.48 billion).

The investment capital structure will now consist of ODA loans worth VND24.8 trillion ($1.05 billion), including loans from the Asian Development Bank (ADB), the French Development Agency (AFD), the European Investment Bank (EIB), the French government, and capital from the Hanoi budget of VND10.04 trillion ($428 million).

The Hanoi People's Committee has expressed concern that some contract packages cannot be extended or settled due to incomplete investment policies. Nevertheless, contractors are urged to continue working on the project to ensure that the elevated section can be operational by 2023.

The city's leaders have asked the Prime Minister for approval to continue implementing the project and adjust investment policies on the fly not to disrupt its progress.

Hanoi has identified several factors contributing to the project's delay. These include the slow process of clearing the site and relocating the technical infrastructure to provide clean ground for the contractors. This delay has had a significant impact on the overall progress of the project, the report said.

It also highlighted the investors' limited capacity to carry out the projects due to a lack of technical and practical knowledge in managing and operating a highly sophisticated, complex, and large-scale project, which is the first of its kind in Vietnam.

The Nhon - Hanoi Station metro project covers a total distance of 12.5 kilometers and includes eight elevated and four underground stations.

Upon completion, the metro line is expected to have a capacity of eight trains operating simultaneously at an average speed of 35 kilometers per hour.

Reactions:
Share:
Trending
Most Viewed
Related news
Diverse international cultural experiences at VITM Hanoi

Diverse international cultural experiences at VITM Hanoi

The event features various cultural activities, pavilions of international companies and embassies brought cultural diversity to the event.

Noi Bai International Airport moves up in world's top 100 airports ranking

Noi Bai International Airport moves up in world's top 100 airports ranking

The result marks the seventh time the airport has received this top accolade.

Hanoi students promote cultural exchange with foreign friends

Hanoi students promote cultural exchange with foreign friends

International exhibitors make strong showing at VITM Hanoi 2025

International exhibitors make strong showing at VITM Hanoi 2025

International tourism agencies made a vibrant impact at VITM Hanoi 2025, captivating visitors with cultural showcases, travel promotions, and interactive experiences that highlighted global destinations and strengthened cross-border tourism ties.

Relive Hanoi's wartime memories

Relive Hanoi's wartime memories

As Vietnam nears the 50th anniversary of National Reunification, veterans reflect on the historic day with pride and emotion. At a Hanoi gathering, they shared memories of sacrifice and triumph

Hanoi advances administrative reform with centralized service model

Hanoi advances administrative reform with centralized service model

Colombia to gift native trees for Hanoi's greenery

Colombia to gift native trees for Hanoi's greenery

Hanoi's parks could soon feature exotic Colombian tree species as the South American nation offers to share its rich biodiversity to help green Vietnam's capital.

Mexico to showcase ancient treasures in Hanoi

Mexico to showcase ancient treasures in Hanoi

The event, set to open on May 19 at the Ho Guom Cultural Information Center, marks a highlight of the 50th anniversary of diplomatic ties between Vietnam and Mexico.